20th Feb 2009 17:19
Rio Tinto plc
20 February 2009
Rio Tinto Mining Companies Comparative Plan ("MCCP")
The MCCP is a performance share plan which provides participants with the conditional right, subject to performance conditions being met, to receive shares in the Company of 10p each ("ordinary shares"). At the time of vesting, participants may elect to receive a cash alternative to shares.
The Company announces that on 20 February 2009 it was notified that the following person discharging managerial responsibility ("PDMR") of the Company received a cash alternative to the equivalent value of their share award, under the MCCP.
|
No of Shares Acquired |
Amount of Cash (Gross)* |
|
|
Preston Chiaro |
0 |
£738,038.16 |
* Calculated on the basis of the number of vested ordinary shares under award multiplied by £18.84 being the closing middle market price on 19 February 2009. The amount of cash disclosed is prior to any applicable withholding tax and other deductions.
Further to the announcement made on 18 February concerning the acquisition of shares under the MCCP by Mr Tom Albanese, the Company reports that the correct number of shares acquired by Tom Albanese was 31,387 Rio Tinto plc shares and not 45,363 as previously stated.
Rio Tinto America Savings Plan
On 20 February 2009 Rio Tinto plc was notified that the following PDMRs had completed transactions under the Rio Tinto America Savings Plan, to acquire or dispose of units in the Rio Tinto plc Stock Fund. Each unit represents one ADR and each ADR represents four ordinary shares. These are non-discretionary transactions.
|
No of Units Acquired |
Price per Unit (US$) |
|
|
Preston Chiaro |
5.94 |
106.799 |
|
Bret Clayton |
32.772 |
106.799 |
Date of Transaction: 17 February 2009
This announcement is made in accordance with the requirements of the Financial Services Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4.
Enquires: Gemma Aldridge
Assistant Secretary
Rio Tinto plc
Tel: 020 7781 1419
Related Shares:
Rio Tinto